Kovack Advisors Inc. Has $248,000 Stock Holdings in Dynex Capital, Inc. (NYSE:DX)

Kovack Advisors Inc. raised its stake in shares of Dynex Capital, Inc. (NYSE:DX) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,585 shares of the real estate investment trust’s stock after purchasing an additional 2,043 shares during the quarter. Kovack Advisors Inc.’s holdings in Dynex Capital were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Westend Capital Management LLC increased its position in shares of Dynex Capital by 37.0% during the 4th quarter. Westend Capital Management LLC now owns 3,406 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 919 shares in the last quarter. Hilton Capital Management LLC bought a new stake in Dynex Capital during the third quarter worth about $142,000. Firethorn Wealth Partners LLC acquired a new stake in shares of Dynex Capital during the fourth quarter worth approximately $148,000. Walleye Capital LLC bought a new position in shares of Dynex Capital in the third quarter valued at approximately $155,000. Finally, Weaver Consulting Group acquired a new position in shares of Dynex Capital in the 4th quarter worth approximately $156,000. 38.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DX shares. StockNews.com raised Dynex Capital from a “sell” rating to a “hold” rating in a report on Friday, January 31st. JMP Securities restated a “market perform” rating on shares of Dynex Capital in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.56.

Dynex Capital Stock Performance

Shares of Dynex Capital stock opened at $14.05 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $13.04 and a 200 day simple moving average of $12.68. Dynex Capital, Inc. has a fifty-two week low of $11.36 and a fifty-two week high of $14.21. The firm has a market cap of $1.11 billion, a P/E ratio of 9.55 and a beta of 1.31.

Dynex Capital (NYSE:DX) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.28). Dynex Capital had a net margin of 35.65% and a negative return on equity of 2.24%. Sell-side analysts predict that Dynex Capital, Inc. will post 1.94 earnings per share for the current fiscal year.

Dynex Capital Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th will be issued a dividend of $0.17 per share. This is a boost from Dynex Capital’s previous monthly dividend of $0.15. This represents a $2.04 annualized dividend and a yield of 14.52%. The ex-dividend date is Monday, March 24th. Dynex Capital’s payout ratio is currently 138.78%.

About Dynex Capital

Dynex Capital, Inc, a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S.